On January 1, 2024, Jaewoo Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2024, Jaewoo sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2024, there were 25,000 incentive stock options outstanding, issued in 2023, and exercisable after one year for 25,000 shares of common stock at an